You can purchase this with a low-money-down FHA loan. 

Now they are required to obtain a commission agreement before setting foot in a property to show it to you. 

I understand where you are coming from as we always did our taxes on turbo tax as well until we purchased rental properties. 

The property is being purchased at 103 with an ARV of 375.

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

To be honest, I would not use an attorney to draft a full op agreement between you two.

I have a question about purchasing a duplex and renting it out.

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

Why add an ADU if it can be purchased cheaper?

Just want to make sure it's ok to use the lease agreement since it says all rights reserved to bigger pockets.